to move up a bit. At today's market cap, the HDD suspension business is still valued at half price (ok, maybe 60%) and the OIS business is valued at about nothing! I sort of think when the market wakes up and understands what Hutch has done with both businesses that HTCH will be much higher. There are 3 analysts whose estimates and target stock prices are starting to look very stupid. Will they get on board or double down on stupidity? Fun times ahead.
I don't know. My guess is the only reason it went to $1.90 was due to the crummy small cap market. Now I think HTCH is trading entirely on its own merits and will perform independently of the overall market.
Every one day chart for the last couple weeks is sssooooo bullish for HTCH. Today is perfect example, it goes up on big volume purchases and drifts lower on tiny sells. The pros are coming in and little guys are losing shares to the big boys. Stay long and strong and buy the dips (like now) if you can.